Subject: 🚀🦎Cypherpunk Dumpings

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Cypherpunk Holdings, a Canadian based investment firm has sold all its BTC and ETH holdings to ride out current market conditions. As much as 205 ETH and 214 BTC were sold for a total of C$6.38 million or $5 million.


The president and CEO of the company, Jeff Gao foresees weaker price actions as the number of chains imposing ‘temporary’ withdrawal suspension on withdrawal increases. However, Gao mentioned that Cypherpunk remains long term bullish on crypto and will capitalise on future opportunities.


In today's news, Gensler proposes a crypto rulebook, Crypto mining expands to Texas, and Axie’s Ronin Bridge is back online.


Read on!

24h Hot Searches Worldwide 


  • TerraClassicUSD      (+205.0%)

  • Bosagora                     (-3.9%)

  • Terra                            (+6.8%)

  • SpiceUSD                     (-2.6%)

  • Harmony                     (-10.1%)

  • Evmos                           (-5.0%)

  • FTX                                (-8.8%)


Projects continue to innovate and adapt to the bear market, while Harmony is the latest victim of yet another major cross-chain exploit.


We take a look at the latest developments in DeFi here.


You can also read our other articles for the week:

The past few weeks have seen TRON and USDD in the spotlight in terms of searches worldwide, but why exactly? Let's take a deep dive into the TRON ecosystem and why it's been all the buzz recently!


Learn about TRON 📺

SEC Chair to rule Crypto


A blanket rule book approach to regulate Crypto trading has been reportedly proposed by SEC Chairman Gary Gensler. Gensler hopes to regulate digital assets trading whether it is a security or commodity token.


This decision is being communicated with other regulators such as the Commodities Futures Trading Commission (CFTC) to help address security concerns and maintain transparency.


Bitcoinist

Axie bridge is Back!


After three months since the hack of Ronin Bridge, developers of Axie Infinity, Sky Mavis has just announced that users can now make deposits and withdrawals to and from the Ronin network.


Despite the announcement, the AXS governance token and SLP reward token has been down 91% and 99% since its all time high with NFT trading volume at less than $3.5 million over the past 30 days.


Decrypt

Mining to Texas


Switzerland based crypto mining company, White Rock Management is looking to expand its mining operations into the United States, beginning with Texas.


This comes at a time where many other mining firms have reportedly been selling off BTC holdings to cover operations costs amidst the bear market.


CoinTelegraph

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